Shanghai Procuratorate discloses virtual currency fraud case: 8 people were sentenced for inducing investors to trade with full leverage, leading to
according to Shanghai prosecutors, the Yangpu District Procuratorate disclosed a case of virtual currency fraud. In this case, an 8-person fraud gang colluded with a virtual currency investment platform, attracting victims through social media by posting information on exchanging virtual currency at low prices, and then pretending to be "coin trading experts" by sending false profit screenshots to gain trust.
The fraud gang induced victims to trade on a designated platform with leverage, causing victims to "burst" through malicious market manipulation and collecting platform commissions based on customer losses. The case involved a large number of people and a huge amount of money.
In March 2025, the Yangpu District Procuratorate prosecuted Peng Moumou and 8 others for fraud. From April to May, the Yangpu District Court sentenced the defendants to 1 to 5 years in prison and fined them. The procuratorate reminds that virtual currency does not have the same legal status as legal tender in China, and related investment transactions are not protected by law. Investors should choose legitimate channels for financial investment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The PENGU USDT Sell Alert: Is This a Turning Point for Stablecoin Approaches?
- PENGU/USDT's 2025 collapse triggered a $128M liquidity shortfall, exposing algorithmic stablecoin fragility and accelerating market shift to regulated alternatives. - USDC's market cap surged to $77.6B by 2025, while MiCA-compliant euro-stablecoins gained $680M in cross-border adoption amid regulatory clarity. - DeFi protocols adopted oracle validation and reserve-backed models post-PENGU, reducing exploit losses by 90% since 2020 through institutional-grade security upgrades. - Regulators now prioritize
Emerging Prospects in EdTech and AI-Powered Learning Systems: Ways Educational Institutions Are Transforming Programs and Enhancing Student Achievement
- AI is transforming education by reshaping curricula, enhancing student engagement, and optimizing institutional efficiency. - Universities like Florida and ASU integrate AI literacy across disciplines, offering microcredentials and fostering innovation. - AI tools like Georgia Tech’s Jill Watson and Sydney’s Smart Sparrow boost performance and engagement through personalized learning. - AI streamlines administrative tasks but faces challenges like ethical misuse and skill gaps, requiring structured train
Anthropological Perspectives on Technology and Their Impact on Education and Workforce Preparedness for the Future
- Interdisciplinary STEM/STEAM education integrates technology tools like AI and VR to bridge theory and real-world skills, driven by $163B global edtech growth. - U.S. faces 411,500 STEM teacher shortages and 28% female workforce representation gaps, prompting equity-focused programs like Girls Who Code. - STEM occupations earn $103K median wages (vs. $48K non-STEM), with 10.4% job growth projected through 2033, driving investor opportunities in edtech and workforce alignment. - Strategic investments in t
The Revival of Educational Technology in Higher Education After the Pandemic
- Global EdTech market grows to $7.3T by 2025, driven by hybrid learning and AI/AR/VR adoption in higher education. - Institutions like MIT and Harvard integrate AI across disciplines, boosting enrollment and workforce alignment through $350M-$500M investments. - EdTech platforms enabling personalized learning and immersive experiences see rising demand, with 45% annual growth in AI-related programs since 2020. - Undervalued EdTech stocks offer investment opportunities as $16B+ VC funding accelerates innov
Trending news
MoreCrypto prices
More
